You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.

Tax liens2.

I make around $110k+ per year, live off around $75K, have a mortgage ($1900/mo for rent, escrow, tax), around $40K in equity, and no other debt. 

Another wildcard is that the tax office opened in The UAE a year ago.

Where is the income tax of 49% here?

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

Tax structuring and LLC advice you can get for a paid fee too.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

Note that I live in the Netherlands, which has many tax laws.thank you